Studies show that shoppers are both ready to spend for the holidays and holding off because of the election.
The retailer's Carolee division will operate the newly acquired label.
There Will Be Pie, Lots of Pie
Retail, luxury stocks were also down.
The concern is over a difference of $215M in operating income projections.
The online behemoth is expected to become the top U.S. apparel retailer by 2017 as it improves its fashion segment.
Retailer’s profits slip while gross sales rose 5 percent in the 12 months ended Jan. 31.
FTSE MIB in Milan is the only market to make gains.
The brand will reposition its main Sonia Rykiel line with the introduction of lower price points to guarantee its long-term growth.
The market-beating performance helped propel Kering’s overall revenues up 10 percent in the third quarter to 3.18 billion euros, or $3.54 billion.
The company reiterated its 2018 revenue target.
Strong business in Mainland China and Japan compensated for weakness in Hong Kong and Macau.